As a savvy investor, you're always on the lookout for profitable opportunities. One such opportunity that has been gaining traction in recent years is investing in self-storage facilities. With more and more people needing extra storage space, this industry has become an attractive option for those seeking solid returns.
Read MoreThe April 2023 Commercial Real Estate Investing Newsletter
When you’re doing due diligence on an RV Park the worst thing you can do is to make early decisions about whether or not you’re going to go forward with buying it. A good buyer must remain like Switzerland and remain neutral until all of the facts have been explored. In this RV Park Mastery podcast we’re going to review methods to remain impartial until the appropriate moment to make a final decision.
Listen To Episode 77“Term default” is what happens when your loan comes due and you are unable to find a replacement borrowing option. It was a common problem in the Great Recession in 2008, and that was mostly because borrowers used poor judgement and little caution in their approach to loan renewals and it caught up with them. In this Self-Storage University podcast we’re going to review the loan process and how to best attack a pending loan renewal.
Listen To Episode 75I have built or bought over 300 billboards, but some stand out from the pack. In this Billboard Mastery Podcast we’re going to review the best deals I ever did and look for commonalities that all those deals shared. As you’ll see, there are definite attributes that all great billboard deals share.
Listen To Episode 71The Studebaker brothers built one of America’s largest and most successful carriage and automobile businesses using a simple motto: “always give more than you promise”. So how do we do that with mobile home parks? That’s the focus of this Mobile Home Park Mastery podcast in which we try to unlock how to utilize this simple formula to deliver exceptional customer satisfaction.
Listen To Episode 292Here’s the simple playbook to hitting 10% to 20%+ returns with mobile home parks – even in recessions or depressions. It all revolves around using debt as a tool to create higher yields.
Watch The VideoWhen planning to build a billboard, you might wonder whether to construct a "stack" unit, which offers both advantages and disadvantages. Before making a decision, it's crucial to weigh the various factors that could impact your potential revenue and future opportunities.
Read MoreEntering into a self-storage contract typically relies on information provided by the seller. However, discovering undisclosed problems during due diligence can necessitate contract renegotiation. This article outlines a strategic approach to successfully renegotiate a self-storage facility contract, ensuring a mutually beneficial outcome.
Read MoreThe winter of 2023 has proven to be one of the harshest in recent memory, with freezing temperatures reaching even the typically mild regions of the United States. This has raised concerns for RV park owners and managers, who must navigate the challenges brought on by such extreme weather. This article highlights the crucial aspects of managing an RV park during a severe winter season.
Read MoreThe story of Conrad Hilton, the founder of the Hilton Hotels chain, began with the modest Mobley Hotel in Cisco, Texas. Although the hotel was small and not very profitable, it set Hilton on the path to success. This story holds valuable lessons for those considering investing in small mobile home parks, as it highlights the importance of adapting one's business model to achieve greater success.
Read MoreThe demand for affordable housing is huge, but finding the applicant with the necessary down-payment, earnings level and credit score to actually buy your vacant mobile home is more difficult. One great way to spur traffic to any mobile home park is to hold an “Open House”. In this Mobile Home Park Mastery podcast we’re going to focus on how to hold these events successfully and unlock the potential in your market to fill homes at a faster pace.
Listen To Episode 291We answer the top 20 questions we receive most frequently about mobile home park buying and operations, providing you with truthful answers to help you decide if investing in this industry is right for you.
Listen To The AudioOne of the best ways to find a good RV park to buy is through direct mail. But this simple structure can fall apart when you introduce outsiders into your plans. In this RV Park Mastery podcast we’re going to explain how outside groups can often botch your direct mail attack plans, and give you some better concepts to run a successful direct mail campaign.
Listen To Episode 76To get the price you want on a self-storage property, you have to be skilled in negotiation. So how can you develop and refine those skills? In this Self-Storage University podcast we’re going to review some simple methods to enhance your negotiating ability and get you more fluid in the art of bartering.
Listen To Episode 74High winds and billboards have never been good friends. And as weather events seem to be escalating in the U.S. it’s important that you understand what happens to signs in high-wind events. In this Billboard Mastery podcast we’re going to review the topic of signs and wind damage and how to mitigate those results.
Listen To Episode 70Jeremiah Boucher is one of America’s largest and fastest-growing investors in the self-storage sector, with over 65 properties and 15k+ storage units in his portfolio. And he has now produced a Self-Storage Boot Camp to explain his theories on identifying, evaluating, negotiating, performing due diligence on, renegotiating, financing, turning around, and operating self-storage properties – whether it’s your first or your next in a series of acquisitions.
Watch The VideoThere have been a number of recent articles predicting lending problems for “commercial real estate”. But there is no such thing as generic “commercial real estate”. There are simply several different niches that aggregate into that term. In this Mobile Home Park Mastery podcast, we will explore the similarities and differences between mobile home parks and the other commercial real estate sectors and how the future banking challenges will probably unfold.
Listen To Episode 290